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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 5585 Incidental transfers us united_states_code code_section 12 BANKS AND BANKING 53 WALL STREET REFORM AND CONSUMER PROTECTION 5585 12 U.S.C. § 5585 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s5585 data/legal/raw/us/code/title-12/usc12.xml 221d6b3e2e3077cd7f93a1fcee48f0e8b3f1a944ac221fcca0cbbab5d156249f e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 95ea1270bf9aa8772bc1a40d09dc5d6545e880f2ab371aa7ffe422d3483f3797 2026-07-04 official
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12 U.S.C. § 5585 - Incidental transfers

Text

(a) Incidental transfers authorized The Director of the Office of Management and Budget, in consultation with the Secretary, shall make such additional incidental transfers and dispositions of assets and liabilities held, used, arising from, available, or to be made available, in connection with the functions transferred by this title,11 See References in Text note below. as the Director may determine necessary to accomplish the purposes of this title.1

(b) Sunset The authority provided in this section shall terminate 5 years after July 21, 2010.

(Pub. L. 111203, title X, § 1065, July 21, 2010, 124 Stat. 2055.)

Notes

Editorial Notes

References in TextThis title, referred to in subsec. (a), is title X of Pub. L. 111203, July 21, 2010, 124 Stat. 1955, known as the Consumer Financial Protection Act of 2010, which enacted this subchapter and enacted, amended, and repealed numerous other sections and notes in the Code. For complete classification of title X to the Code, see Short Title note set out under section 5301 of this title and Tables.